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You would have never guessed

Shannon HicksOctober 21, 2019October 21, 2019

by Shannon HicksOctober 21, 2019October 21, 20190246

Rewind back ten or fifteen years ago and you would have never imagined that the reverse mortgage would look as it does today. No other mortgage loan has seen such a dramatic transformation of its core components than the Home Equity Conversion Mortgage. If the constant evolution of the HECM

Politics, Gridlock & CFPB Enforcement

Shannon HicksOctober 21, 2019October 21, 2019

by Shannon HicksOctober 21, 2019October 21, 20191388

Political gridlock, proposed changes & CFPB finding on HECM APRs We’re in the full swing of the political season as the 2020 presidential race is underway. In a recent LGBTQ Town Hall hosted by CNN on October 10th, former HUD Secretary Julian Castro called out the agency’s head Ben

How to get out of a rut

Shannon HicksOctober 18, 2019October 16, 2019

by Shannon HicksOctober 18, 2019October 16, 20190214

We all can find ourselves in a rut. Here’s how to break free

HECM improvements will pay dividends

Shannon HicksOctober 14, 2019October 14, 2019

by Shannon HicksOctober 14, 2019October 14, 201902889

The focus on foreclosure prevention and servicing will pay dividends for both consumers and industry participants alike It’s a fact every salesperson and reverse mortgage professional must embrace- the vast majority of consumers inherently distrust salespeople. Will recent HECM changes help bolster the product’s legitimacy in the public eye? How

Pending HECM Changes: The Industry Waits

Shannon HicksOctober 11, 2019October 11, 2019

by Shannon HicksOctober 11, 2019October 11, 20190660

Proposed changes linger after Congressional hearing As one commenter on HECMWorld put it ‘The HECM program got through the hearing all but unscathed’. Very true considering our long history of continued reductions in Principal Limit Factors and restrictions on how proceeds are distributed. That being said, we have several

Did you forget?

Shannon HicksOctober 10, 2019October 10, 2019

by Shannon HicksOctober 10, 2019October 10, 20191385

Did you forget what used to work? In the rush of life, we often lose sight of the activities that we used to enjoy and that brought us business and a sense of purpose…

The Highest Good

Shannon HicksOctober 7, 2019October 7, 2019

by Shannon HicksOctober 7, 2019October 7, 20191391

HECM sales present opportunities to respond with virtue “Summum Bonum” “Summum Bonum”. The highest good was a phrase Rome’s famed orator Cicero was inclined to recite before his audiences. The greatest good or the sum of all that benefits your fellow man/woman. It’s a phase every HECM (reverse mortgage) professional

The Condo Catch-22 & Nine HECM Changes

Shannon HicksOctober 4, 2019October 4, 2019

by Shannon HicksOctober 4, 2019October 4, 20198 820

Spot Condo Approval Catch & 9 Recommended HECM Changes Despite the positive development in Condo approvals for HECM loans, there’s one catch when it comes to spot approvals that have gone largely unnoticed. Plus: the GAO recommends 9 changes to the HECM program…

Politics, Gridlock & CFPB Enforcement

Pending HECM Changes: The Industry Waits

The Condo Catch-22 & Nine HECM Changes

HECM reforms the focus of Congressional hearing

Featured

You would have never guessed

Politics, Gridlock & CFPB Enforcement

How to get out of a rut

HECM improvements will pay dividends

Pending HECM Changes: The Industry Waits

Did you forget?

The Highest Good

The Condo Catch-22 & Nine HECM Changes

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